NIB finances Tensio AS electricity grid investments in Norway
The Nordic Investment Bank (NIB) and Tensio AS have signed an 8-year loan agreement for NOK 850 million. The funds will finance electricity grid upgrades and expansions in Trøndelag County, Norway.
The Nordic Investment Bank (NIB) has provided Tensio AS with an 8-year loan amounting to NOK 850 million, approximately EUR 78 million. This financing is designated for investments in the electricity grid within Trøndelag County, Norway.
The loan will support a portion of Tensio AS's 2026 grid investment program. This program focuses on upgrading and expanding regional and distribution electricity networks across Trøndelag. Key components include enhancements to transformer stations, network reinforcements, and cable installations.
The investments aim to increase grid capacity and improve the reliability of the electricity supply. These upgrades are intended to support the growing demand for electricity in the region, including the transition to renewable energy sources and broader electrification efforts.
Tensio AS is responsible for the operation and development of the electricity network in Trøndelag. The planned investments are crucial for ensuring the security and adequacy of the power supply for current and future needs.